V.F. Co. (NYSE:VFC) Shares Purchased by Allworth Financial LP (2024)

Posted by Defense World Staff on Apr 15th, 2024

Allworth Financial LP boosted its position in shares of V.F. Co. (NYSE:VFC – Free Report) by 111.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,817 shares of the textile maker’s stock after acquiring an additional 958 shares during the period. Allworth Financial LP’s holdings in V.F. were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its holdings in V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares in the last quarter. International Assets Investment Management LLC acquired a new position in V.F. during the 3rd quarter worth approximately $27,000. CKW Financial Group acquired a new position in V.F. during the 3rd quarter worth approximately $30,000. PCA Investment Advisory Services Inc. acquired a new position in V.F. during the 2nd quarter worth approximately $31,000. Finally, Quent Capital LLC boosted its holdings in shares of V.F. by 43.0% in the 3rd quarter. Quent Capital LLC now owns 2,133 shares of the textile maker’s stock valued at $38,000 after buying an additional 641 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Stock Down 7.8 %

VFC stock opened at $12.11 on Monday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of -6.15, a price-to-earnings-growth ratio of 1.35 and a beta of 1.47. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. V.F. Co. has a 12 month low of $12.02 and a 12 month high of $23.58. The company has a fifty day moving average price of $15.30 and a 200 day moving average price of $16.45.

V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. Sell-side analysts expect that V.F. Co. will post 1.1 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.97%. V.F.’s payout ratio is currently -18.27%.

Insiders Place Their Bets

In other news, Director Juliana L. Chugg acquired 11,301 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the transaction, the director now owns 26,301 shares in the company, valued at $461,582.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bracken Darrell purchased 65,360 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the purchase, the insider now directly owns 144,281 shares in the company, valued at approximately $2,219,041.78. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, January 30th. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, April 9th. BNP Paribas restated a “neutral” rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday. UBS Group lowered their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Wedbush lowered their target price on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.97.

Read Our Latest Report on V.F.

About V.F.

(Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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